The US Oligarchy

There is a growing disconnect between congress and the voters. These elected officials take an oath to uphold the Constitution, and are expected to represent and protect the interests of the people.

In the broadest sense of the word, they are the peoples’ lobbyists. It’s clear that this quid pro quo relationship and the trust that underwrites it no longer exist. Although they control the destiny of the country, congress’ objectives aren’t driven by the universal principles that built and sustained the nation’s progress.

Government of the people, by the people and for the people has become little more than a cliché. This bedrock principle of representative government is being shunted aside by an insulated oligarchy. They stand above the law figuratively and literally. And so do their friends.

This is what allows the Speaker of the House, Nancy Pelosi, to publicly call illegal aliens “patriots.” This is what allows Senator Dodd to lie about his role in authorizing bonuses for AIG’s executives. This is what allows Charlie Rangel to cheat on his taxes and support giving welfare to freed Gitmo terrorists, and open Social Security to illegal aliens.

This is what allows Barney Frank, Chris Dodd, and Chuck Schumer to rail against AIG executives for unethical behavior while stuffing AIG contributions into their pockets. They have no fear of political retribution.

Congress has traded its integrity for wealth, power and insularity. In theory the tenure of these representatives is constrained by their approval ratings, which should determine the outcome of elections. Sometimes this works.

But today, money plays a greater role in the outcome of an election contest than an incumbent’s record. Wealth and party loyalty builds and sustains their membership in this elite body. They are aided by state laws, mutually written and endorsed by both political parties, which create legal (financial) obstacles for third party candidates.

And gerrymandering, the art of creating districts which divides and diffuses the opposition’s plurality, further insulates them from competition.

The Obama administration’s attempt to control the 2010 national census is about the consolidation of power. This effort is about preserving “safe seats” in Democratic states by padding the census numbers. There is no other reason for this blatant power grab. None!

The majority of Americans know the government can’t spend its way out of a recession and can’t borrow its way out of debt. Main Street is outraged by the wild spending in the stimulus and budget proposals.

And what have the voters been told? That the country will collapse unless congress creates a $9 trillion deficit. It’s clear that congress doesn’t care if the public accepts or rejects this fiscal lunacy. Passage of the legislation protects and preserves the new oligarchy.

It’s time for term limits.

Obama's New Plurality

Conservative pundits claim Representative Barney Frank believes the election of Mr. Obama granted the Democrats’ socialist party members a universal mandate for unabridged government. Don’t be too sure of this. It may be his goal, but he and his fellow socialists are not ready to proclaim victory.

Barney represents Newton, Massachusetts, a community which recently spent $200 million for its new high school. That number is not a misprint.

Naturally Newton, a well-heeled, liberal bastion, shared the cost of this palace with the other towns in Massachusetts. The voters in Newton simply believe their children deserve better schools than their neighbors.

It’s the same liberal entitlement mentality that condones Al Gore’s travel to environmental conferences in a private jet to condemn the energy usage of Americans.

That the other towns, which can’t afford infrastructure repairs for their existing schools, got stuck with a large chunk of the tab is symbolic of Barney’s politics. Barney’s political scheme is not about taking money from the rich and handing it to the poor. It’s about taking it from strangers and shoveling it to supporters.

By any definition, Barney and Obama are income re-distributing socialists. Obama’s campaign mantra, that 95% of the US workers would receive an income tax cut, sold well. The chorus of the song was that only wealthy Republican strangers would get hammered.

The numbers are in. Obama and Barney’s fiscal vision adds $1 trillion of debt each year to the federal deficit. By 2019 the interest on this debt will exceed $800 billion annually. This means that at least 25% of future federal receipts will be gobbled up by interest payments.

Do the arithmetic! Say good-bye to national defense, education, healthcare, etc., because every last penny will be required to fund entitlements and interest payments. Increasing the taxes on the wealthy won’t solve this economic disaster.

That’s why Obama hid under his desk while he signed the Omnibus bill. He knows the money will eventually come out of the hides of middle income Democrats and Independents, as well as, those evil Republican strangers. He wanted no record of his rape of America’s middle-class on film.

The Democrats continue to blame President Bush for the $1.3 trillion deficit they inherited. This is a critical part of their strategy. Obama will need a handy scapegoat when the Democratic rank and file realizes their income is on his short list for patching his $9 trillion deficit.

Between now and the presidential election in 2012, Obama and Barney won’t mention the dire need to tax the income of wage earners making between $50,000 and $250,000. But this duo will scrap the middle class tax cut promised to 95% of America’s taxpayers. And the Bush tax cuts for this group will be allowed to expire because they have already spent the money.

Nor have they mentioned that their recent legislation finally pushed 50% of the taxpayers off the books. This is the constituency that guarantees their reelection. Obama, Barney and Pelosi hope to bolster this segment’s numbers by granting amnesty to 12 to 20 million illegal aliens.

This majority of non-taxpayers, plus those on the government payroll, will perpetuate the existence of the democratic socialists. These parasites have every reason to vote themselves more goodies; every reason to vote for Obama, Pelosi and Barney. That’s the democratic socialists’ goal, and their definition of victory.

Middle-class Democrats and Independents need a wake-up call. They will soon be treated as strangers by Barney and friends. And evidently, they are too stupid to see it coming.

The Obama Plague

It’s politically incorrect to utter a statement which directly attacks Mr. Obama’s person or character. The chattering class is walking on eggshells. They tiptoe around the edges of his political agenda, while simultaneously endorsing the purity of his ideals, vision and good intentions.

Anyone with an intellect equal to a cup of mud realizes this concocted “cloak of goodness” is about the only thing preventing Obama’s reputation from resembling confetti.

The mainstream media, Obama’s public relations arm, lives to persuade others of his omnipotence. They get their marching orders from the likes of Obama’s Chief of Staff, Rahm Emanuel. His ad hoc team of ex-Clinton aficionados orchestrates the attacks, and expects the mainstream media to disseminate the White House party line.

And these print and TV parasites have proved to be loyal allies. As most are democratic socialists, they need little prodding. The press has been in the Obama bag for so long that its eyes can’t tolerate the light of day. Their definition of truth is whatever it takes to sell him and his agenda to the voters.

They condemn all criticism of Obama by wrapping it in racism and class warfare. This defense of “The One” is so commonplace that a news reader, watcher or listener knows the punch line by the beginning of their first sentence: Anyone who disagrees with Obama is a racist, capitalist pig.

This malfeasance is the reason the public is unaware of the depth of the economic hole that Obama, Reid, Pelosi, Dodd, Schumer, Frank, Kerry, Geithner and the congressional Democrats have dug.

Last week, while the press concentrated its cameras on the congressional bashing of AIG’s CEO, Edward Liddy, over retention bonuses, the US Treasury received $1 trillion from the Federal Reserve. This money didn’t exist. It was printed to prime the economic pump needed to sustain Obama’s irrational spending.

In less than two months, Obama and his band of socialist groupies have tripled the national debt. Their proposed energy, healthcare, amnesty and education solutions, coupled with another stimulus package will double this debt by 2012. The economic experts are already predicting the emergence of hyper-inflation.

The spending of Obama and company has backed the country into a corner.

Here is the quandary. Without a massive increase in taxes on every working individual, this debt will bring America to the brink of default on its fiscal obligations. Simultaneously, a massive tax increase will bring the American economy to a standstill. Unemployment will soar, productivity will shrink and tax revenues will plummet.

What’s to like about a Chicago political hack who has put the nation’s decline on steroids?

Obama is an empty suit, unqualified to sit in the White House. His blueprint for socialism is destroying the economic vitality of America, which is the greatest threat to our national security. He is a plague on the nation and the press is the chief carrier.

Obama's Plan to Destroy the SBA

Mr. Obama’s latest package of measures aimed at helping small businesses smells like strike three. It’s Fannie Mae and Freddie Mac repackaged under a venerable name, the Small Business Administration (SBA). Ignore the ribbons and bows on the rhetoric spewing from the White House.

The heart of the proposal is centered on the SBA guaranteeing up to 90% of any loan under $150,000 and 75% of the funds for loans above $150,000. This didn’t change much from previous years. The fees for processing the loans will be temporarily eliminated under the new plan. So far, so good.

Traditionally, the primary bank lenders, involved with SBA loans, sold the paper to the secondary market. This freed the primary lenders to write more loans, and make more money.

The current economic crisis has all but dried up the secondary market. So Obama, Frank and Dodd rushed to the rescue!

Now, the SBA will continue to lend money to small businesses through bank lenders, and then immediately buy back the paper from the banks. This will definitely provide small businesses with a credit source.

But hold your horses. This is the identical system that was instituted for sub-prime home mortgages (Freddie and Fannie) that savaged the US economy.

It’s what’s missing from the new lender-borrower equation that is dangerous. Yesterday, the primary lenders (writing loans) knew the projects had to be credit worthy to entice the secondary market buyers. Today, the credit worthiness of the loans will be judged by bureaucrats with no skin in the game.

Now add Barney Frank and Chris Dodd’s penchant for affirmative action based loans. These socialists mandated that 56% of the mortgage loans had to be provided to marginal borrowers. Equal Lending Opportunity was the key that opened the US Treasury to the thieves on Wall Street who ransacked it.

Obama’s new SBA program is the same game, under the same management, with the same predictable outcome. The taxpayers are going to take another shellacking.

There is little hope. Neither Obama nor Geithner understand the decision making guidelines that reputable business people use in formulating borrowing decisions. It’s all about risk and return on investment.

Although the government guarantees the loan, it doesn’t guarantee the borrower’s business will be successful. If the loan is called due to missed payments, the lender has the right to seek any assets in the business or any pledged collateral. That’s why legitimate businesses carefully weigh the risks and rewards of expansion financed through borrowing.

The Obama and Geithner package increases taxes on a business’ future energy, income, profits and medical insurance. When combined with the elimination of deductions, it marginalizes the potential gains of small businesses who risk their existence on expansion.

But unworthy borrowers (Frank and Dodd’s favorite kind) risk nothing because they have no collateral. So take a wild guess who will be applying for these loans. Within a few years the SBA will follow the path of Fannie and Freddie.

The Power to Ignore

Illegal aliens cost this nation’s towns, states and the federal government about $440 billion annually. This fact is not in dispute.

The sum does not factor in the additional billions of dollars the recent SCHIP legislation provides in free healthcare for immigrants with green cards under the age of twenty-six (26). Nor does it include the legal and illegal immigrants’ access to the new entitlements in the Obama/Pelosi/Reid $3.6 trillion spending spree.

By 2010 the United States will be spending over one-half trillion dollars annually on immigrants.

The estimated 20,000 illegal aliens within our borders, from countries sponsoring terrorism, share this benevolence. Included in this number, may be a few hundred “moderate Taliban terrorists.” If Obama’s diplomatic overtures are based on reality, it’s possible the militant jihadists stayed home.

In either case, the cost in lives and dollars that will stem from granting amnesty to terrorists, although unknown, is real and pending.

Put the non-refuted $440 billion annual price tag for illegal immigration in perspective. The annual cost could retire the current $3.7 trillion national debt in ten years without tax increases.

And that’s the good news. Harry Reid and Nancy Pelosi are quietly attempting to ram amnesty legislation through congress, while endeavoring to end E-Verify.

Here are the highlights of their prepared proposal. The police record of violent gang members will not disqualify them from amnesty. All illegal immigrants will be granted “temporary amnesty,” which will automatically renew forever.

All illegal aliens fighting deportation will be provided attorneys paid in full by American taxpayers. All illegal aliens who fled to sanctuary cities after receiving deportation orders will be immediately granted amnesty. All back taxes owed by illegal aliens will be forgiven.

And, of course, they will be granted the benefits of in-state tuition, and be eligible for the Earned Income Tax Credit (EITC). The latter is a direct pipeline to the US treasury, with a built-in incentive to limit hours worked.

That their amnesty proposal gives illegal aliens nine (9) years to learn English before being granted citizenship is moot. They can stay forever, with all the rights and benefits of American citizens, without bothering to apply for citizenship. This will pretty much guarantee their permanent status as welfare recipients.

Officially, they can’t vote in elections. Does anyone really believe that this right won’t be granted through back channels?

Obama, Pelosi and Reid provided billions of dollars to organizations, such as ACORN, to promote illegal voting and the stuffing of ballet boxes. Be assured non-citizens will be granted the right to vote, progressing from city to state to federal elections. It will come right on the heels of this amnesty bill.

The contents of the Obama/Pelosi/Reid amnesty proposal epitomize their utter contempt for Americans, and congress’ disconnect from representative government. They only represent themselves and have conceitedly concluded that they have the power to ignore us.

Overpowering Dissent

A recent Fox News Dynamic Poll asked American citizens where the government gets the money to fund its expenditures. Nearly 25% of the participants actually believe the government uses its own money.

No demographics were provided, nor were the respondents’ political affiliations correlated with the answers. Let’s venture a guess. These are Mr. Obama’s supporters and the reason his approval numbers hover around 67%.

And it’s probably safe to assume these civically challenged imbeciles are the product of public, inner-city education and believe that welfare programs are intended to provide every citizen with a comfortable standard of living.

Simple logic leads one to conclude they have never seen a W-2 form or a paycheck stub which lists payroll tax deductions, or that they believe employers are the middlemen who disseminate the government’s money.

This mindset sheds light on the Democrats’ ability to institutionalize class warfare. If the recipients of government entitlements don’t recognize the relationship between taxes and government subsidies, they don’t see themselves as parasites. They see the wealthy as parasites.

The Democrats groom this perception.

Simply, the Stupid Sector of America relates welfare to the government’s bounty and sees everyone as equally deserving. And in truth, if the creation and generation of wealth was the sole domain of the government, their attitude would be reasonable and responsible.

About one in six Americans is employed by the government. In business, the taxes that fund these bureaucracies are labeled overhead. Because overhead has a negative impact on productivity (profits), companies work diligently to reduce it.

The power of the Stupid Sector of America is bolstered by the votes of local, state and federal bureaucrats. Let’s give them the benefit of the doubt. More than likely they understand that their standard of living is affected by the proportion of income the government can confiscate from the private sector.

This is the choir that sings the siren song of big government to the Stupid Sector of America. Do the arithmetic. About 42% of the US population is fed, sheltered, educated, medicated and clothed by the 58% of Americans who pay taxes.

Granted, the bureaucrats pay taxes, but they are overhead. They have a negative impact on the nation’s productivity and the accumulation of wealth. Their tax contributions, which Obama wants to decrease, don’t begin to cover the cost of their existence.

The government has not, cannot and will not create a job that can be sustained without taxation.

The taxpayers are thankful for the police, EMTs, fire departments and about 50% of those employed in education. They also respect the military and recognize the need for a strong infrastructure.

Obama and Pelosi are strengthening the government numbers to smoother the only dissent that Democrats fear, the remaining, small plurality of voters in the private sector.

Obama and his comrades plan on overpowering the private sector in the voting booth by adding millions of government jobs and millions of people to the entitlement roles. Coming soon: Entitlement enriched amnesty for illegal aliens, which will add 12 million Democratic voters.

Obama's Heart

The Obama/Pelosi/Reid $787 billion entitlement heavy, non-stimulus bill sailed through congress and became law before the public got a glance at it. To this day, no member of congress, who voted for or against it, can detail what’s in it.

Mr. Obama shouted catastrophe and urgency, and asked us to trust his judgment without verification. Would it be impolite to suggest the American taxpayers got hoodwinked? Of course, that’s like asking if the 1941 attack on Pearl Harbor rang any alarm bells.

There is only one redeemable aspect to the sudden appearance of the trillions of dollars of debt Obama is handing America’s future generations. He can no longer pretend to be a moderate centrist. He has unfurled his Pelosi San Francisco flag.

The banner is bright enough to bring Europe’s democratic socialists begging for cooperation. They have correctly pinpointed his political philosophy and hope to convince a fellow socialist that birds of a feather should flock together.

By comparison, their oceans of debt and stagnant economies make the US recession look like a mud puddle. The mainstream media rarely reports on the fiscal disaster that is Europe.

It doesn’t take a scholar to know why the press avoids the subject. The mainstream media, Obama’s public relations arm, is not about to illustrate the hazards of democratic socialism.

They realize that Europe’s financial quagmire is a snapshot of the prolonged effects of Obama economics. An honest appraisal of Europe’s fiscal nightmares would stampede Americans into the arms of the Republican Party.

Europe can’t sustain the cost of its welfare programs. Their Gross National Product(s) flat-lined years ago. For over a decade Europe’s unemployment has hovered above ten percent. The governments, saturated in bureaucracies and debt, lost the definition of productivity, which forced them to abandon military readiness.

That the European nations want to irreversibly entwine their economies with ours is no surprise. Crushing taxes have destroyed the rewards of risk taking by Europe’s entrepreneurs. A vigorous American economy sucks investment capital from their shores, and is a magnet for Europe’s best and brightest, including their doctors and engineers.

Downgrading America’s economic attractiveness would stop the emigration. Of course, the European nations hope to build an international cartel of socialist democracies with a single currency and monetary policy. This “UN lite” organization would have authority over the US economy.

Before the naïve dismiss Obama’s fixation on a federation of socialist democracies, they should be reminded, as a Senator, he introduced legislation to guarantee the UN 1% of our GDP.

It’s now clear that Obama’s heart was with Reverend Wright and Michelle when they shouted “God damn America . . . a country I’ve never been proud of.” There is little doubt that he would sellout America’s sovereignty for the sake of global socialization.

Please Start Screaming

The legislative strategy of the Obama/Pelosi/Reid trio is as clear and crisp as a child’s eyes. They are willfully sacrificing any chance for an economic recovery to supplant capitalism with socialism. And the proof is overwhelming.

All their legislation features outrageous spending increases which universally expand access to entitlements, and add laws that curtail freedom of choice and independent growth. Remember that control follows government handouts. Swamping the nation in bailout spending is a pretext to control (and tax) the producers. They already own the welfare hounds.

Whether the legislation involves income redistribution, illegal aliens, border security, healthcare, education or energy, it is loaded with big government goodies that gobble up investment capital, the lifeblood of private enterprise.

And please note that Obama blames Bush, Wall Street and the banks for the current economic maelstrom. He never mentions that the Democratic leadership (including him) encouraged the ransacking of the US economy with entitlement mortgage lending practices. Nor does he mention that his stimulus victory finances more of the same.

Obama is using class warfare to divide and conquer. Be warned! After he controls the rights and the income generating capability of business, he will attack the income of the last remnants of the Middle Class.

He hopes his allies in the mainstream media will pacify the taxpayers with cheerful praise for his legislations’ good intentions, while ignoring the long term economic and security consequences. Most Americans have already figured out that the mainstream media is little more than the public relations arm of the Democratic Party.

But don’t be misled. The media can still sway the lifetime Democrats who would vote for their children’s death warrant if they believed the executions would be paid by corporations. This mindset sent the $878 billion non-stimulus package sailing through congress, which proves the Democratic faithful will blindly eat their young.

And forget the independents. They are mostly Democrats who are too embarrassed to admit they want a ride on the gravy train. They are easy to spot. These are the people who caution others to give Obama’s policies a fair chance, knowing full well the interest alone on the accrued national debt, over the next tens years, already exceeds $4.5 trillion.

As the Democratic pork infested proposals hurtle through congress, in the spirit of bi-partisanship, Obama and company permit the stupid Republicans to nibble away at the edges of the “straw men” in the bills.

This is the same strategy that local and state politicians adopted years ago. They initially propose outlandish tax increases on gasoline, tolls, user fees, or increased sales, income and property taxes knowing the public will go berserk.

Then they miraculously discover they can survive on one-half the funds originally proposed. Presto! The disgruntled taxpayers acquiesce, as the politicians and bureaucrats smirk behind closed doors.

The only people on planet earth who aren’t savvy to this ploy are the Republicans in congress. While they chase after the scraps, the Democrats are carrying off the carcass of private enterprise.

For all practical purposes the Republicans are screaming “Me too.” Whether this country will again prosper boils down to the independent spirit of the American taxpayer. Will they stand up to congress and scream, “Stop destroying the opportunity to succeed in America?”

Trickle Up Poverty

Mr. Obama and his gang of economic thugs are on a roll. They are ready to cement $3.7 trillion of debt into the national budget. In the event that this amount isn’t enough to impede a recovery, they have prepared the option to add an extra $750 billion of debt to purchase more bank stock.

Naturally they are targeting the incomes of small businesses to counter-balance the weight of this debt. What a sharp crew! All by themselves, they figured out that by confiscating investment capital, they can stop employment expansion in the private sector.

The Democrats, and too many Republicans, realize these policies will save the nation from the evils of capitalism. There is nothing more insidious than the growth of employment in the private sector. After sucking the life blood from small businesses, they will rush in and “save the day” with more government jobs.

And what’s the difference between government employees and welfare recipients? The latter group doesn’t pretend to be productive. What do they have in common? Both groups depend on the private sector to support their existence. They are parasites.

Although no one will be laughing, the joke is on them. Once the healthy tissue is destroyed, parasites starve to death. Obama, Pelosi and Reid’s plan cures the nation’s fiscal cancer by destroying the healthy organs. If they were doctors, they would be sued for medical malpractice.

Obama fans should be careful about what they wish for. These supporters standing on the sidelines, cheering entitlements and the elimination of the Bush tax cuts on the wealthy, are going to get hammered.

Obama is already thinking of the next election(s). After tripling the deficit left by the Bush administration, Obama is quickly running out of room to make his predecessor the scapegoat.

His thugs realize the economy will completely disintegrate from the weight of deficits without the infusion of more tax revenues in the short term.

It’s an accurate assessment. The nation cannot sustain the current growth of entitlements, even if the government confiscates every last dollar of income earned by the wealthy. Therefore, Obama, Pelosi and Reid must go on a tax rampage.

They will open their standard bag of liberal doublespeak to mask the pillaging of earned income. Expect tax deductions to be eliminated. Don’t be naïve. They will remove the deductions for charitable contributions, property taxes and the interest on mortgage payments.

They will justify this in the name of fairness, claiming these deductions are inequitable to people who don’t own homes, or can’t afford to contribute to charities. Of course, this is just another version of their standard “it’s for the children’ defense.

These revenues will be bolstered with mind-bending corporate and home energy usage taxes, increased taxes on Social Security and Medicare, and after the 2010 elections, higher income taxes on families earning between $75,000 and $250,000. Naturally, they will gut the defense budget and raise the income and age thresholds for Social Security and Medicare eligibility.

Obama and his colony of voracious parasites will declare victory when all wealth is destroyed by their trickle-up poverty initiatives.

Pelosi and company are right on schedule to mimic France’s debilitating style of socialism. That’s why Obama exhorts Americans to learn French. Misery loves company.